Citi plans 9%-10% contingent coupon autocalls on Junior Gold Miners

By Susanna Moon

Chicago, Jan. 22 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Feb. 1, 2019 linked to the VanEck Vectors Junior Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 9% to 10% if the underlying fund closes at or above its 80% coupon barrier on the valuation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the fund closes at or above its initial share price on any quarterly valuation date.

The payout at maturity will be par plus the contingent coupon unless the fund finishes below its 80% barrier level, in which case investors will be exposed to any losses.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Jan. 29.

The Cusip is 17324XJN1.

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